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Hello. I will try to assist you. Some states allow for the conversion of an LLC to S Corp by filing a Certificate of Conversion with the State. You actually convert to a C Corporation first and then make the election with the IRS to be an S Corporation. What state is your LLC registered in?

We are a c corporation. One of our independent contractors is asking us for a loan of 5000$ What is the safest document that we could ask him to sign to guarantee repayment? Could you send me a link t… read more

Hi Loren, If an S Corporation under the name ABC wants to do some business under a name GGP, (meaning company ABC is doing business as GGP) i what should be officially done to associate "the second na… read more

I merged my sub s corporation with a group of other companies back in 2011; since that time they bought me out and I retained ownership of approximately 9% of the new company. On the closing documents… read more

I am the secretary for a family S Corporation. Each year prior to the shareholder meeting, I send paper proxies out for signature....it is difficult getting them back. If I email them, can the person … read more

Is a New York state privately held C corporation required to pay a minimum living wage, to an employee of that corporation who owns 100% of that corporation, and if yes, what specific law requires thi… read more

What is the best way to get land out of a ‘C' Corporation? Can a co owner of the Corp that owns the land buy it from the corporation (& the other 2 owners of the Corp?) this land has been said to be t… read more

I ran an S Corporation (consulting) for 3 years that was incorporated in California. I live and work in California. I stopped doing business as the S Corp in 2014 and started doing part time work unre… read more

I have a C corporation the hold 7 apartments, me and my partner want to open a new entity and transfer over half of the appartments so he can eventually stay with 3 and my 4. what would be the correct… read more

We have an s corporation. In the shareholder agreement there is a provision that the corporation must repurchase shares from minority shareholder when offered. Shareholder Agreement further states tha… read more

California, privately held C Corporation, I own 100 shares, 100% ownership, of corporation and would like to issue 100 shares to my son, thus creating 50/50 ownership. What is the process (easiest) to… read more

My S corporation is a member of an LLC which has other members in it as well. Can my S corporation be the listed manager of the LLC in Illinois? All the members agree to having the S Corporation as th… read more

My friend has an existing C corporation in interior design. Last year we decided to join forces we both took on an executive role in the corporation, hired a paycheck company and got to work. She agre… read more

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).